Alibaba to invest $45 billion in cloud services

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Alibaba to invest $45 billion in cloud services

After coronavirus boosted demand.

Alibaba said it will invest 200 billion yuan (A$44.8 billion) in its cloud infrastructure over three years - a plan that follows a boom in demand for business software as the coronavirus outbreak peaked in China. The company said in a statement it will spend the funds on semiconductor and ...

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alibaba cloud coronavirus covid19 finance

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